ASX is pleased to announce that it has entered into an agreement and completed the sale of its shareholding in Digital Asset Holdings, LLC (Digital Asset) for approximately $57 million.
The sale will be recognised as part of ASX’s FY25 financial results, with ASX recognising a pre-tax gain of approximately $42 million compared to ASX’s current carrying value of Digital Asset. The gain on sale will be recognised directly in the asset revaluation reserve in equity in accordance with the accounting treatment applied to the investment when it was acquired.
The sale price represents a pre-tax gain of approximately $10 million on ASX’s original acquisition cost.
Source: ASX
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